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An easy way to start saving for your first home
Grow your savings, tax free
Our FHSA Daily Interest account can help you easily save for the purchase of your first home by growing your savings tax-free.
Contribute what you can
You can invest up to $8,000 a year (with a lifetime maximum limit of $40,000) towards the purchase of a first home. Contributions to an FHSA are tax deductible and earnings within it are tax-free when used towards buying your first home.
Set it and forget it
You have the flexibility to set up recurring contributions from your paycheque to this account—choose from weekly, bi-weekly, semi-monthly or monthly contributions with Pre-Authorized Contributions. Learn how.
Key product details
| Eligibility |
You must be: - A resident of Canada - At least 18 years old - A first-time home buyer1 |
| Interest earned | See current rates |
| Fees | No fees2 |
| Minimum investment | No minimum contribution amount |
| Maximum investment | $8,000 per calendar year, up to a lifetime maximum of $40,000 |
| Investment plan type | Registered |
Start saving for your first home
Open your First Home Savings Account Daily Interest Account now and start saving for your home buying journey.
Start saving for your first home
Open your First Home Savings Account Daily Interest Account now and start saving for your home buying journey.
Learn more about saving for and buying a home
Ready to buy a home today?
Mortgages at ATB
Our team of specialists is ready to help find the best mortgage for you.
Get guaranteed growth when saving for a first home
First Home Savings Account GIC
Redeem your GIC at any time while enjoying tax-free, guaranteed returns when saving for your first home.
Ready to see how an FHSA fits your financial plan?
ATB Wealth® First Home Savings Account
Get expert advice on how to save for your first home. Connect with an ATB advisor today.
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This means you or your spouse or common-law partner did not own a qualifying home that you lived in as a principal place of residence at any time in the year the account is opened or the preceding four calendar years.
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There are currently no service fees or charges payable to ATB Financial for the operation of the Account or for conducting any transactions. However, fees may be payable to your Dealer. ATB Financial may impose fees in the future on the Account, but you will be provided with notice prior to fees being added or changed. You will be required to pay taxes on withdrawals not used for the purchase of your first home. Any such fees and any taxes, interest or penalties payable by you may be deducted from your funds in the Account.
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Related documents: Little Book of FHSA (PDF)